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Candle Lake

 

Location

The Candle Lake project is located in Central Saskatchewan, in the Fort a La Corne kimberlite trend. Candle Lake maintains all-season access and is proximal to infrastructure, services, and skilled labour. This project involves 2 diamond bearing kimberlites on 44 claims or 22,114 hectars of land.

Kimberlites

C29/30 Kimberlite

  • 16 historical drill holes

  • Potential 100+ million tonnes

  • Tested 2,055 kg core to date:

    • Average grades to 24 cpht

    • Interval grades to 136 cpht

    • Average stone counts are

      • 7.4 st./10kg,

      • Maximum of 37.2 st./10kg

    • Recovery of 41 macrodiamonds from this small sample

Compelling Aspects of Candle Lake

  • Large Potential Tonnage - up to 100 million tonnes

  • Large Stone Potential

    • Proven macrodiamond content; strong similarities to FalC

    • 5 - 20 carat stones recovered by Shore Gold and the FalC JV

    • Potential for 25 million carats in the ground at Candle Lake

  • High average value potential similar to FalC

  • Well-defined Evaluation Program to provide geology, geometry and grade

    • ulk sample processing currently underway

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